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GDX, GLD & EUR/USD Reverse Off Target Zones

We had a few significant technical developments in GLD (gold ETF), GDX (gold miners ETF) & the EUR/USD (Euro/US Dollar pair) both yesterday & so far today which could indicate that the anticipated correction in gold & the Euro may have run its course. The first chart on each below is from Friday's post, Watching [...]

Trade Ideas & Market Developments to Watch for This Week

Potential trade ideas & developments to watch for this week in the stock market, select commodities, sectors, currencies. The video starts with coverage of the Euro, US Dollar & gold mining stocks, then stock market analysis via QQQ & SPY followed by some potential trade ideas on individual stocks & sector ETFs.

Watching US Dollar, Euro & Gold for Trade Entry On GDX

The dollar pulled back at 8:30am ET today on the payroll & wage data release. That impulsive but so far, relatively minor pullback might be enough to trigger a breakdown below this 60-minute bearish rising wedge pattern on the €EUR/$USD pair. When the EUR/USD moves down, that indicates the dollar falling against the Euro, which [...]

Divergences On Nasdaq Advance-Decline Line Largest Since 2000 Market Top

The magnitude of the divergences between the Nasdaq Composite & the Nasdaq Advancing vs. Declining Issues today is much more comparable to those leading up to the 2000 tech bubble market top & subsequent bear market than those leading up to the 2007 market top (compare the differential between both the magnitude & the slopes [...]

Aug 3, 2017 11:58am|Categories: Equity Market Analysis|Tags: , , |2 Comments

Solar Stocks Trade Ideas & Sector Analysis (video)

This video covers all of the solar stock trade ideas that I've been highlighting since early April, most of which have mounted gains in the high double-digits to triple digits. Updates on those trade as well as some additional trade ideas along with my near-term & longer-term outlook for the solar sector.